The Shouldice Hospital Limited
Q1) How successful was the Shouldice hospital and how do you account for its exertion?
Ans ) The success of a hospital which basically is a intermit of the service industry can be done in 2 ways -
        The financial perspective
        The service perspective
Financial analysis :
Total market
Nos of proceedings in US = 600000 ( in 1979 assuming it is the same in 1983)
Nos of operations in Shouldice = 6850 (in 1982)
Market sh atomic number 18 = 1.14%(assuming that the market size the Great Compromiser the same)
Price charged per customer on average (assuming similar value for primaries and recurrence)
Accommodation = $ 111 * 4 (4 days)= $ 444
Surgery cost                         = $ 450
Assistant surgeon                 = $ 60(assuming every operation uses an confederate surgeon)
Anesthetic                         = $ 75(assume we are using an anesthetic in every operation )
Transport costs                 = $ 400(average of $ 200 to $ 600)
Total expenses for the customer = $ 1429
Total revenue of the hospital         = $ 1029* 6850
                                = $ 70,48,650
Cost incurred by the hospital:
Salaries of the surgeon         = $ 50000* 12
                                = $ 600,000
Bonus                                 = $ 500,000
Assistant surgeon                 = $ 30.
6* 6850
                                = $ 209610
Anesthetist                         = $ 300 * 261(working days in an year)
                                = $ 78300
Food expenses                 = $ 1.1 * 400 * 261
                                = $ 114840
Total expenditure                 = $ 24,27,750
Gross operating margin         = $ 46,20,900
(This is excluding the other expenses which are not given in the case and also it...
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